July is full of news for the fixed-income market, with maturities for sovereign Treasury bonds and also for BCRA bonds with the first amortization of Bopreal 2025.
The investor has to take into account the cut-off dates when buying/selling these instruments so as not to be left out of payments.
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The payment schedule Negotiable Obligations (ONs) It appears moved for July. The seventh month of the year brings many new things for the fixed income market, not only for corporate debt, but also for Sovereign bondsboth the issued by the Treasury (AL/AE/GD) like those of the central bank (BCRA), given that the first amortization of Bopreales 2025 (BPJ25).
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The ONs are debt financial instruments issued by companies to raise funds from the capital market. They function similarly to sovereigns and can be offered to both institutional and individual investors. And, in this way, the Major Argentine companies obtain funds that are intended for investment in their respective activities.
The ONs, with some ups and downs in recent years, have been one of the preferred investments for Argentines, since they allowed them to make their pesos and dollars work. Throughout the year, these titles make rent payments and capital amortization for both bonds issued in local and foreign currencies.
From Andean Investments shared with Ambit the expiration calendar for the month of July, as well as some “hacks” that are essential when investing in instruments of fixed rent.
Coupons July 2024
As can be seen in the following table, the seventh month of the year has, In addition to the sovereignvarious maturities of corporate and company debt and you can see the payment dates as well as the coupon to be collected for each instrument:
July Coupons-Inversiones Andinas.jpeg
Coupon payment schedule for July – courtesy of Inversiones Andinas.
Noteworthy are the maturities of corporate and company debt such as:
- YPF -(YCA6O)
- Telecom – (TLC1O)
- IRSA– (IRCHO – IRCGO)
- ALUAR (LMS1O)
- GEMSA (MRCEO – MRCFO – MRCOO – MRCLO)
- CRESUD (CS38O – CSKZO)
Hacks for investing in fixed-income instruments
From the aforementioned broker in the city of Buenos Aires, they recommend taking these into account 4 keys When investing in fixed-income instruments:
- These instruments allow us to know precisely the amount to be collected and the yield to be obtainedwith which the destination of that money can be planned with time and certainty based on the flows of funds, whether its reinvestment or withdrawal.
- Remember that there is no benefit to purchasing two days before the coupon, but there is no harm either.
- The investor has to take into account Cut-off dates when buying/selling these instruments so as not to be left out of payments.
- Payments take approximately 48 to 72 hours to be settled after the coupon is cut and are automatically credited to the clients.
